As government regulations curb China’s property market, the country’s wealthiest real estate developers are feeling the pinch. Real estate magnate Hui Ka Yan, the chairman of Evergrande Group, saw the biggest plunge in his net worth over the past 12 months, according to Forbes annual ranking of China’s 400 wealthiest individuals. Currently ranked as China’s third richest person with a net worth of $30.8 billion, the developer’s 2018 value is down $11.7 billion from last […]
source https://therealdeal.com/2018/10/28/the-personal-fortunes-of-chinas-wealthiest-real-estate-developers-are-taking-a-hit/
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